Highlights Kingdom’s revenues from oil activities rise 23.1% Platts Analytics estimates fiscal breakeven of $69/b Output quota 11 mil b/d in August under OPEC+ deal OPEC kingpin Saudi Arabia has Continue Reading
With high oil prices and an incredibly tight physical oil market, Iran’s oil industry is bouncing back and providing the government with significant income. China, Russia, Turkey, Venezuela, and Afghanistan Continue Reading
As the OPEC+ group prepares to roll back all production cuts by the end of next month, analysts and the market are searching for the answer to the million-dollar question Continue Reading
Top oil exporter Saudi Arabia could raise September crude prices for customers in Asia for a third month even though refining margins have declined as high fuel prices and persistent Continue Reading
Rockets hit the Khor Mor gas field Monday night for the fourth time in two months, highlighting a major, unresolved threat against a strategically important project that provides the vast Continue Reading
OPEC+ kingpin Saudi Arabia is expected to price its flagship crude to Asia at a record differential for September even as traders see the scope for a weaker spot market Continue Reading
Iraq’s oil production moved sharply higher in June, with a monthly increase of 153,000 barrels per day (bpd) taking output to 4.62 million bpd, the highest since February 2020, according Continue Reading
Iran has seen its oil and condensate revenues rise by 580% between March 21 and July 21. Despite rising oil income, Iran’s inflation rate rose to 40% year-on-year. In recent Continue Reading
Several rockets landed at the Khor Mor gas field in the Sulaimaniya region of northern Iraq on Monday, Iraqi Kurdish officials said, but they did not immediately report any damage Continue Reading
Gazprom’s MoU with the Iranian NIOC marks the next major step in oil and gas cooperation between the two countries. Gazprom has pledged its full assistance to the NIOC in Continue Reading
